BOSTON (Reuters) - Billionaire investor Seth Klarman on Wednesday resisted calls for Puerto Rico's debt to be wiped out and said the island's residents will be better off in the long run if obligations are honored......»»

Authored by Simon Black via SovereignMan.com,
Puerto Rico won’t repay any of its $72 billion of debt until 2022…
The US territory declared bankruptcy last May. A combination of a shrinking population, bloated pensions and a job crisis (in 2006.....»»

The largest newspaper in Puerto Rico has apologized for running an opinion column that said Jewish people control the U.S. Congress and want to punish storm-ravaged Puerto Rico for its debt because they care so much about money......»»

Debt Vultures Behind Puerto Rico Austerity Are Also Fueling Climate Change By Rob Galbraith, crossposted from LittleSis.org’s Eyes on the Ties The island of Puerto Rico has been devastated by a set of human-made catastrophes –.....»»

The defaults by Toys R Us and Puerto Rico were remarkably similar, even though corporate debt and sovereign debt are quite different. This article highlights three lessons that can be taken from bot.....»»